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CDCUs In The News

NEW YORK - Two more community development credit unions have been recognized in the media for their work helping underserved and low income people in their communities, according to the National Federation of Community Development Credit Unions. The article, titled "An Asset To Community", ran in the New York Daily...

By Staff Writer | Updated on August 10, 2004

NEW YORK – Two more community development credit unions have been recognized in the media for their work helping underserved and low income people in their communities, according to the National Federation of Community Development Credit Unions. The article, titled “An Asset To Community”, ran in the New York Daily News and reported on studies by the Social Investment Forum that found that assets among community development institutions almost doubled between 2001 and 2003. Two Federation members, the $12.4 million Lower East Side People’s Federal Credit Union, headquartered in New York and the $7.9 million Bethex Federal Credit Union, headquartered in the Bronx, New York, were cited for their commitment to some of the lowest-income residents in New York.

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